EU: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in the EU

The EU fresh beef carcase market rose sharply to $X in 2023, surging by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Fresh Beef Carcase Production in the EU

In value terms, fresh beef carcase production expanded rapidly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Fresh Beef Carcase Exports

Exports in the EU

In 2023, shipments abroad of fresh or chilled carcases of beef and veal increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh beef carcase exports reached $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from Poland (X tons), Spain (X tons), Germany (X tons), France (X tons) and the Netherlands (X tons), together amounting to X% of total export. Belgium (X tons) ranks next in terms of the total exports with a X% share, followed by Italy (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fresh beef carcase supplying countries in the European Union were Poland ($X), the Netherlands ($X) and Spain ($X), together accounting for X% of total exports.

Among the main exporting countries, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and France ($X per ton), while Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports in the EU

In 2023, the amount of fresh or chilled carcases of beef and veal imported in the European Union dropped to X tons, which is down by X% on the previous year. Over the period under review, imports showed a slight downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, fresh beef carcase imports stood at $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the near future.

Imports by Country

Italy (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2023. Germany (X tons) took the next position in the ranking, followed by France (X tons), Greece (X tons), Portugal (X tons) and Spain (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest fresh beef carcase importing markets in the European Union were Italy ($X), the Netherlands ($X) and France ($X), with a combined X% share of total imports. Germany, Greece, Spain and Portugal lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform